Warner Bros. Discovery is said to reject Paramount Skydance’s takeover bid (WBD:NASDAQ)

Warner Bros. Discovery Upfront 2022 - Show — Mike Coppola/Getty Images Entertainment

Warner Bros. Discovery (NASDAQ:WBD) turned down an initial acquisition offer from Paramount Skydance (NASDAQ:PSKY), viewing the proposal as undervalued, Bloomberg News reported, citing people familiar with the matter.

Warner Bros. (NASDAQ:WBD) rejected an offer of roughly $20 per share made

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Warner Bros. Discovery is said to reject Paramount Skydance’s takeover bid (WBD:NASDAQ)

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